March 18
CoreLogic National housing Update March 2018
March Market Outlook
Getting a mortgage for an off-the-plan property
The latest in landscaping
Adelaide March 2018
Brisbane March 2018
Canberra March 2018
Darwin March 2018
Gold Coast March 2018
Melbourne March 2018
Newcastle March 2018
Perth March 2018
Regional NSW March 2018
Regional NT March 2018
Regional QLD March 2018
Regional VIC March 2018
South West WA March 2018
Sydney March 2018
Tasmania March 2018
Wollongong March 2018
Should you flip your property?
CoreLogic NSW housing Update March 2018
CoreLogic QLD housing Update March 2018
CoreLogic SA housing Update March 2018
CoreLogic VIC housing Update March 2018
CoreLogic WA housing Update March 2018
5 hacks for breaking into the property market
Reduce your energy costs
Should you flip your property?
Newcastle March 2018
The month in review: Newcastle
By Herron Todd White
March 2018
Stockland Green Hills shopping centre is currently going through a major expansion to cater for the growing population of residents surrounding it. This region in between Maitland and Newcastle appeals to buyers looking for a lower to middle of the range price point in the Hunter region in a convenient location.
To the east are the metropolitan areas of Newcastle and Lake Macquarie and the waterways and beaches of Port Stephens. To the west are the big country towns of Maitland and Singleton as well as the region’s mines and wineries. All these areas are less than an hour’s drive. Added to this is the area’s close proximity to the M1 and A1 motorways allowing for a simple fast exit for those road trips north or south. The area is geographically in the middle of the Hunter region.
The larger residential suburbs in this area are Metford, Thornton, East Maitland, Ashtonfield and Chisholm. With an entry level of around $350,000 for a 3-bedroom home and an upper limit of just over $1 million for a large modern family home with all the bells and whistles, the area offers a wide range of houses for a prospective buyer’s needs and wants.
As the shopping centre is developing, so are the residential suburbs around it, with the region being one of the Hunter’s hot spots for new homes. With families being priced out of the market in Newcastle, the opportunity for a new home within a commutable distance is becoming more attractive.
Like the rest of the Hunter Valley, the region has seen record growth over the past few years, but with the Sydney market on a downturn, there is caution in the current local market. With what seems to be a gradual recovery in the mining sector occurring, a strong demand for affordable family homes, the area’s central location and the soon to be state of the art shopping centre, the growth may continue.
DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.